TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
BOARD MEETING
MAY 29, 2013, 9:00 a.m. 
Old Courthouse, 350 Front Street, Hempstead

Agenda:  Consideration of Termination of South Shore Y, Presentation and Consideration of a Preliminary Inducement for Joseph Seviroli LLC, 9:00 a.m., Presentation and Consideration of an Inducement for Fairfield East Rockaway LLC, Consideration of a Tenant Consent for Arch Insurance Group for 1001 Realty LLC, Consideration of a Consent to add Health Care REIT, Inc to the Sunrise Assisted Living lease. Consideration of Tenant Consents for Spuntino and Paper Source, for Equity One Northeast Inc., 900 Old Country Road, Westbury, Executive Director’s Report, Consideration of the Agency Time and Leave Policy, Consideration and Adoption of Agency By Laws, Consideration and Adoption of Agency Travel Policy, Consideration and Adoption of Agency Code of Conduct/Whistleblower Policy, Discussion and Updates on Circulo de la Hispanidad and JDM Long Island/175 Fulton, Consideration and Adoption of the Minutes of April 24, 2013, Report of the Treasurer, Executive Session, Committee Updates

Those in attendance: 	Ted Sasso, Chairman
			Jonathan Kohan, Treasurer
Ari Brown, Secretary 
Danny Grodotzke, Member
			Rich Bianculli, Member
			
Also in attendance:	John E. Ryan, Agency Counsel 
William F. Weir, Nixon Peabody
Frederick E. Parola, Executive Director/CEO
Edie M. Longo, Deputy Executive Director/CFO
Lorraine Rhoads, Agency Administrator
                                    Arlyn Eames, Deputy Financial Officer
			Michael Lodato, Deputy Agency Administrator                        
Gene Turner, Consultant
Cheryl Petri, Office of the Supervisor

Excused:		Paul Conte, Vice Chairman 
			Ray Maguire, Member 
						
The meeting was called to order at 9:08 a.m.

South Shore Y (Barry and Florence Friedberg Jewish Community Center) Termination: Fred Parola advised the Board that the Agency received a letter from the company stating that they would be redeeming the 1999 Civic Facility Revenue Bonds on June 13, 2013, thereby terminating their benefit with the IDA.  No vote was necessary.

Joseph Seviroli LLC:  Joseph Seviroli made a presentation to the Board regarding his proposed project at 576 Brook Street, Garden City.  The company currently occupies an existing facility across the street from the planned project address.  Joseph Seviroli LLC is seeking to expand their pasta manufacturing operation by purchasing and renovating a 25,000 square foot one-story building, which will include approximately 5,000 square feet of research and development space, 8,000 square feet of corporate office space, and 12,000 square feet of production space.  The company is seeking a PILOT Agreement, Mortgage Recording Tax Exemption and Sales Tax Exemption for the construction and renovation period.  Rich Bianculli made a motion induce this project subject to the receipt of a parking variance and site plan approval from the Town of Hempstead.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried. Once the company has completed the zoning process, the Agency will hold a public hearing.

Fairfield East Rockaway LLC:  Gary Hisigar of Moritt, Hock, Hamroff, and Horowitz, made a presentation to the Board on behalf of his client Gary Broxmeyer on his proposed acquisition of the property at 60 Front Street, East Rockaway (Chait Properties).  The property sits on 1.38 acres and has 42 rental units totaling 60,000 square feet.  Fairfield East Rockaway will own, manage, and operate the apartment community.  The company is seeking an assignment and assumption of the existing PILOT Agreement with an additional seven-year extension, and a Mortgage Recording Tax Exemption.  Ted Sasso made a motion induce this project.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

1001 Realty LLC Tenant Consent for Arch Insurance Group Inc.:  Ari Brown made a motion to approve the Tenant Consent for Arch Insurance Group Inc at the 1001 Franklin Avenue, Garden City address.  The insurance company will occupy 8,710 square feet of space for general, administrative and executive offices.  This motion was seconded by Jonathan Kohan.  All were in favor.  Motion carried.

Sunrise Assisted Living/Health Care REIT: Jonathan Kohan made a motion to consent to the addition of Health Care REIT, Inc as a parent company to the Lessee (East Meadow A.L., LLC) for the Sunrise Assisted Living facility. This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Equity One Northeast Inc – Tenant Consent for Spuntino:  Ted Sasso made a motion to approve the Tenant Consent for Spuntino at the 900 Old Country Road address.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

Equity One Northeast Inc – Tenant Consent for Paper Source:  Jonathan Kohan made a motion to approve the Tenant Consent for Paper Source at the 900 Old Country Road address.  This motion was seconded by Rich Bianculli.  All were in favor.  Motion carried.

Executive Director’s Report:  The Board was furnished a copy of the Executive Directors Report.  Fred Parola advised the Board that a number of applications would be coming in.

Time and Leave Policy:  Ted Sasso made a motion to adopt the Time and Leave Policy, as recommended by the Time and Leave Committee.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

By Laws:  Rich Bianculli made a motion to adopt the Agency By Laws, as recommended by the Governance Committee.  This motion was seconded by Ted Sasso.  All were in favor.  Motion carried.

Travel Policy:  Ari Brown made a motion to adopt the Travel Policy, as recommended by the Governance Committee.  This motion was seconded by Dan Grodotzke.  All were in favor.  Motion carried.

Code of Conduct/Whistleblower Policy:  Dan Grodotzke made a motion to adopt the Code of Conduct/Whistleblower Policy, as recommended by the Governance and Ethics Committees.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.
 
Minutes:  Ted Sasso made a motion to adopt the Minutes of April 24, 2013, as presented to the Board.  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.  

Report of the Treasurer:  The Board was furnished with copies of the Financial Statements and Expenditure List for April 18, 2013 – May 22, 2013.  Jonathan Kohan stated that all was in good order.

Circulo de la Hispanidad Termination:  Bill Weir briefed the Board about the default in the Lease Agreement by Circulo de la Hispanidad, 605 Peninsula Boulevard, Hempstead.  The company has been operating a charter school without consent of the Agency.  They are also in default with their Bond Trustee.  The Board asked that the Circulo de la Hispanidad be declared in default of their Lease Agreement, and thereby terminated, if the Agency has not received a Tenant–Agency Compliance Agreement, as requested by counsel, by June 15, 2013.  

JDM Long Island LLC Termination: John Ryan updated the Board on the status of the foreclosure of the JDM Long Island, LLC, 175 Fulton Avenue, Hempstead. The company has been non-compliant.  The Board asked John Ryan to contact the Receiver for JDM Long Island LLC directly and allow them 10 days to comply with outstanding items to the Agency.  After that date, the company will be considered in default of their Lease Agreement and a vote to terminate this project will be considered at the June 26, 2013 Meeting. 

Committee Updates:  There were no Committee updates. 

With all business concluded, Ted Sasso made a motion to close the meeting at 9:45 a.m..  This motion was seconded by Ari Brown.  All were in favor.  Motion carried.

________________________________________
Ari Brown, Secretary 
May 29, 2013